Labor market, S1 - Procedural inconvenience in Venezuela
Venezuela: Labor market, S1 - Procedural inconvenience was 0.236 in 2014. ▼ Falling
Labor market, S1 - Procedural inconvenience in Venezuela, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, s1 - procedural inconvenience in Venezuela is 0.236, measured in 2014. That is the lowest value across all 42 years on record.
The figure is unchanged over ten years.
Over the whole period, labor market, s1 - procedural inconvenience in Venezuela peaked at 1 in 1973 and was at its lowest, 0.236, in 2002.
That places Venezuela 89th out of 90 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Procedural inconvenience in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 1 | — |
| 1974 | 1 | +0.0% |
| 1975 | 0.8222 | -17.8% |
| 1976 | 0.8222 | +0.0% |
| 1977 | 0.8222 | +0.0% |
| 1978 | 0.8222 | +0.0% |
| 1979 | 0.8222 | +0.0% |
| 1980 | 0.8222 | +0.0% |
| 1981 | 0.8222 | +0.0% |
| 1982 | 0.8222 | +0.0% |
| 1983 | 0.8222 | +0.0% |
| 1984 | 0.8222 | +0.0% |
| 1985 | 0.8222 | +0.0% |
| 1986 | 0.8222 | +0.0% |
| 1987 | 0.8222 | +0.0% |
| 1988 | 0.8222 | +0.0% |
| 1989 | 0.8222 | +0.0% |
| 1990 | 0.8222 | +0.0% |
| 1991 | 0.8667 | +5.4% |
| 1992 | 0.8667 | +0.0% |
| 1993 | 0.8667 | +0.0% |
| 1994 | 0.8667 | +0.0% |
| 1995 | 0.8667 | +0.0% |
| 1996 | 0.8667 | +0.0% |
| 1997 | 0.8667 | +0.0% |
| 1998 | 0.8667 | +0.0% |
| 1999 | 0.8667 | +0.0% |
| 2000 | 0.8667 | +0.0% |
| 2001 | 0.8667 | +0.0% |
| 2002 | 0.236 | -72.8% |
| 2003 | 0.236 | +0.0% |
| 2004 | 0.236 | +0.0% |
| 2005 | 0.236 | +0.0% |
| 2006 | 0.236 | +0.0% |
| 2007 | 0.236 | +0.0% |
| 2008 | 0.236 | +0.0% |
| 2009 | 0.236 | +0.0% |
| 2010 | 0.236 | +0.0% |
| 2011 | 0.236 | +0.0% |
| 2012 | 0.236 | +0.0% |
| 2013 | 0.236 | +0.0% |
| 2014 | 0.236 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 0.236 is below the median for lower middle income countries, which is 0.6736, 35% of the median. (20 countries reporting)
- Venezuela's 0.236 is below the median for Latin America & Caribbean, which is 0.8667, 27% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.873 | 0.8222 | 1 | 7 |
| 1980s | 0.8222 | 0.8222 | 0.8222 | 10 |
| 1990s | 0.8622 | 0.8222 | 0.8667 | 10 |
| 2000s | 0.3621 | 0.236 | 0.8667 | 10 |
| 2010s | 0.236 | 0.236 | 0.236 | 5 |
Countries ranked near Venezuela
More work & labour data for Venezuela
- Persons outside the labour force (ILO modelled estimates) 10,601 (2027)
- Labour force participation rate (ILO modelled estimates) 51.65 (2027)
- Labour force (ILO modelled estimates) 11,326 (2027)
- Unemployment rate (ILO modelled estimates) 5.73 (2027)
- Labour dependency ratio 1.69 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,625 (2027)
- Output per worker, GDP constant 2015 US $ 10,899 (2027)
- Employment-to-population ratio (ILO modelled estimates) 48.69 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.43 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.9762 % change on previous year (2027)
Frequently asked questions
- What is labor market, s1 - procedural inconvenience in Venezuela?
- Labor market, s1 - procedural inconvenience in Venezuela was 0.236 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - procedural inconvenience recorded in Venezuela?
- The highest recorded value was 1 in 1973.
- What is the lowest labor market, s1 - procedural inconvenience recorded in Venezuela?
- The lowest recorded value was 0.236 in 2002.
- How does Venezuela rank for labor market, s1 - procedural inconvenience?
- Venezuela ranks 89th out of 90 countries with data for 2014.
- Is labor market, s1 - procedural inconvenience rising or falling in Venezuela?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Procedural inconvenience. Statizoid updates them automatically from the source API.
Download this data
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.